Greenridge Exploration Secures Full Ownership of Electra Nickel Project in Ontario

An announcement from Greenridge Exploration Inc ( (TSE:GXP) ) is now available.

Greenridge Exploration has earned a 100% interest in the Electra Nickel Project in Ontario after fulfilling cash, share and exploration expenditure commitments under a 2020 option agreement. The project spans 4,571 hectares in the Shebandowan Greenstone Belt and is considered underexplored, with historical work and recent geophysics and drilling indicating potential for nickel, copper, cobalt, PGEs and gold.

The acquisition terms included $135,000 in cash, equity issuances and more than $500,000 in exploration spending, while the property remains subject to a 2.5% NSR royalty with partial buyback rights. Securing full ownership of Electra consolidates Greenridge’s position in a prolific Ontario mining district, enhancing its exposure to critical metals and nearby gold systems that could attract future exploration capital and strategic interest.

More about Greenridge Exploration Inc

Greenridge Exploration Inc. is a Vancouver-based mineral exploration company focused on battery and precious metal projects in Canada. Its portfolio includes the Electra Nickel Project in Ontario’s Shebandowan Greenstone Belt, which is prospective for nickel, copper, cobalt, platinum group elements and gold in a well-established mining district with strong infrastructure access.

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Current Market Cap: C$27.41M

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